What is a crypto credit card, and how can I use it?

A crypto credit card functions in the same manner as a traditional credit card. You'll earn points every time you swipe your card and make a transaction. One of the most significant distinctions with crypto credit cards is that you'll almost certainly be able to pay off your debt using cryptocurrency. You'll also be able to receive prizes in Bitcoin and other cryptocurrencies.

They may seem risky or confusing at first, but here's why you shouldn’t worry. Most regular credit cards are similar to crypto credit cards. The transactions are handled by Visa or Mastercard, two of the world's major payment processing networks. If Visa issues your Cryptocurrency card, merchants will accept your payment anywhere Visa credit cards are accepted. Anyone can use a crypto credit card to make purchases just like any other credit card.

You will be able to collect rewards every time you use your crypto credit card. Bitcoin and other cryptocurrencies are rewarded with crypto credit cards, and in certain situations, you may redeem your earnings for bitcoin.

What are the best crypto credit cards in 2021?
There are several crypto credit cards available, each with its own set of features. Here are the top three crypto credit cards for 2021, which will provide you with better rewards and lower costs.

 Crypto.com:

• Annual fee: $0
• Rewards: CRO
• No ATM withdrawal fees for most cards
• There is no maximum allotment per month for transactions.
• Compatible with more than 90 different cryptocurrencies
• One of the most flexible crypto cards available today

Gemini:

• Annual fee: $0
• Rewards: 30+ cryptocurrencies
• The Gemini card is issued by WebBank and created with MasterCard, allowing users access to all merchants that accept MasterCard.
• Gemini has a unique rewards structure that is paid in real-time and can be redeemed in several ways.
• Available nationwide in the US.

Coinbase:

• Annual fee: $0
• Rewards: BTC, XLM
• It is compatible with up to nine different cryptocurrencies.
• Pay with a PIN or withdraw from an ATM.
• It gives global spending ability with no international limits.
• Accepted anywhere that Visa is accepted

Essential Questions to Ask Before Getting A Crypto Card
You may need to examine a few things before getting a credit card to choose the ideal one for you. Before you choose your card, there are five things you need to know for sure:

• What is the rewards rate?
• Is there an annual fee?
• Are there any other fees?
• Do any other benefits or perks come with the card?
• Can I get better value with another card?

Do Crypto Credit Cards Matter?
If you wish to use a crypto debit card to make a transaction, be sure you have your crypto on hand since the money will be withdrawn from your wallet or account by the exchange. If crypto users wanted to convert their cryptocurrency into fiat money, they had to go through a long, tedious process that included a lot of waiting. Crypto debit cards began to develop to save people from this and make their daily lives simpler.

Conclusion
Their launching is significant, but it is also seen as a turning point in the movement since it is now feasible to spend cryptocurrency in the real world efficiently.  But how does it function? Before being loaded to the debit card, the cryptocurrency is first simply converted to the user's preferred fiat currency. Purchases are completed in that FIAT currency after it has been loaded and available to use. However, depending on the debit card, rewards are issued as a different cryptocurrency.

With millions of users, Emirex, launched in 2017, has evolved to become one of the world's most popular and trusted cryptocurrency trading platforms. Emirex will offer you a huge leg up by giving you the best tools and most intuitive technologies to meet all of your needs, whether you're a beginner or a seasoned pro. Join us now and create your crypto portfolio!